China’s economy is facing many problems that are cyclical and also structural. Some economists believe China reached the Lewis Turning Point six years ago, where the growth benefits of rural-to-urban migration dried up and wage costs started to escalate. The growth of the Chinese economy relied very much on its cheap labor—a competitive advantage that has been exhausted. Simply put, “China has come to the end of the period of easy gains in GDP.” It faces two possible paths ahead: the hard road of structural reform and painful consolidation, and the easy road of fiscal and monetary stimulus leading inevitably to further problems along the way.
PBOC’s move to devaluing the RMB didn’t just follow weak exports data, but also IMF requirements for more market-driven exchange rates.
Is the yuan devaluation the start of a currency war, or a reflection of Beijing’s plan to give the market more power?
China’s stock market crash left a host of casualties in its wake—from a weakened renminbi to plummeting commodity prices.
Why the government’s efforts to stabilize China’s flailing stock markets have not worked so far.
Four stories behind the dramatic rise and the equally dramatic fall of the Shanghai Stock Exchange’s stock index.
The first quarter Chinese GDP growth may fall below the 7% target and the US has softened its stance on the Asian Infrastructure Investment Bank.
Long kept at arm’s length, will foreign bank card companies finally get a fair crack at the China market which is dominated by UnionPay?
This week, the China-backed Asian Infrastructure Investment Bank initiative won more support; fluctuations in the value of the RMB caused concerns; and Tencent revealed its smart-car ambitions.
This week, various economic indicators released on the Chinese economy showed slower growth and Alibaba invested in Snapchat